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Downtrend Call Working As Direxion Daily Developed Markets Bear 3X Stock Falls 12.4% (DPK)

By Amy Schwartz

SmarTrend identified a Downtrend for Direxion Daily Developed Markets Bear 3X (NYSE:DPK) on October 22nd, 2013 at $35.05. In approximately 6 months, Direxion Daily Developed Markets Bear 3X has returned 12.35% as of today's recent price of $30.72.

In the past 52 weeks, Direxion Daily Developed Markets Bear 3X share prices have been bracketed by a low of $11.10 and a high of $51.18 and are now at $30.72, 177% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has declined 0.8%.

Direxion Daily Developed Markets Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund seeks investment results of 300% of the inverse of the price performance of the Developed Market Index. The Fund does not invest in equity securities. The Fund invests in financial instruments that provide leveraged and unleveraged exposure to the Developed Market Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Direxion Daily Developed Markets Bear 3X.

Log in and add Direxion Daily Developed Markets Bear 3X (DPK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights direxion daily developed markets bear 3x

Ticker(s): DPK